Solana’s
(SOL)
fastest-growing
decentralized
finance
protocol,
Kamino
Finance,
will
shortly
launch
a
points
program,
a
contributor
said
Thursday,
a
move
that
sets
the
stage
for
a
future
token
airdrop.
The
points
program
could
further
juice
growth
in
what’s
already
become
the
star
of
Solana’s
recent
bounceback.
Its
SOL
token
has
more
than
tripled
since
mid-October
as
DeFi
traders
return
to
Solana’s
on-chain
trading,
borrowing,
lending
and
yield-generating
projects,
most
notably
Kamino.
“Kamino’s
about
to
start
a
points
program,”
a
contributor
to
the
project
with
the
screen
name
Marky
said
in
a
Twitter
Spaces
Thursday.
This
“could
well
account
towards
a
future
token.”
The
nature
of
Kamino’s
points
program
hasn’t
yet
been
revealed.
Kamino
project
lead
Marius
George
Ciubotariu
did
not
return
a
request
for
comment.
Solana
protocols
this
year
have
taken
to
gamifying
their
usage
and
rewarding
their
most
loyal
clients
with
points.
Many
traders
expect
these
points
will
help
determine
future
airdrop
allocations
and
thus
plan
out
their
trading
and
staking
and
yield
farming
strategies
to
maximize
their
upside.
That
was
the
case
with
Thursday’s
JTO
airdrop
by
Jito,
a
Solana-based
liquid
staking
token
protocol.
Over
80%
of
the
JTO
tokens
earmarked
for
the
current
distribution
round
are
going
to
early
protocol
users
depending
on
how
many
Jito
points
they
accrued.
Kamino
runs
vault
products
that
seek
to
maximize
yields
for
depositors
who
want
to
provide
liquidity
to
various
Solana-based
DeFi
trading
venues.
It
also
is
building
a
borrow-and-lend
facility.
Its
total
value
locked
(a
measurement
of
all
the
cryptocurrencies
held
on
the
platform)
has
grown
257%
in
a
month,
the
most
among
Solana-based
protocols
with
a
TVL
over
$10
million.
Kamino’s
TVL
sat
at
nearly
$50
million
Thursday.
